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http://hdl.handle.net/1843/53684| Type: | Artigo de Periódico |
| Title: | A Neo-Kaleckian model of skill-biased technological change and income distribution |
| Authors: | Antonio Soares Martins Neto Rafael Saulo Marques Ribeiro |
| Abstract: | This article proposes a macrodynamic model that takes into account the joint determination of intra-working-class income distribution and knowledge-intensive technological change. Our model highlights two opposing effects of technological change at play: (i) technological innovation promotes a positive structural change and hence boosts net exports and output growth; (ii) technological change, on the other hand, disproportionately affects unskilled workers, which worsens the intra-working-class income distribution and slows down economic growth. Therefore, our model demonstrates that the net impact of technological change on capital accumulation and output growth is ambiguous and hence is a parametric question. Lastly, we show that income transfer and public investments in higher education may be of paramount importance to alleviating the unwanted effects of a contractionary wave of technological change and so promoting a sustained economic recovery. |
| Subject: | Inovações tecnológicas Renda - Distribuição |
| language: | por |
| metadata.dc.publisher.country: | Brasil |
| Publisher: | Universidade Federal de Minas Gerais |
| Publisher Initials: | UFMG |
| metadata.dc.publisher.department: | FCE - DEPARTAMENTO DE CIÊNCIAS ECONÔMICAS |
| Rights: | Acesso Restrito |
| metadata.dc.identifier.doi: | https://doi.org/10.4337/roke.2019.03.02 |
| URI: | http://hdl.handle.net/1843/53684 |
| Issue Date: | Jul-2019 |
| metadata.dc.url.externa: | https://www.elgaronline.com/view/journals/roke/7-3/roke.2019.03.02.xml?tab_body=abstract |
| metadata.dc.relation.ispartof: | Elgar |
| Appears in Collections: | Artigo de Periódico |
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